Ann: Presentation -A$47M Equity Raising to Drive Ramp-up atMorila, page-270

I think the people that missed their buying opportunity were the main buyers yesterday & today and they're probably still trying to hoover up some more.

I noticed in the Proactive interview Doc Mike said it was predominantly institutional - they certainly won't be selling at 40c. I wouldn't mind betting some of that sell down in the days preceding the cap raise was from Euroz holders knowing they could buy their holding back at 40c in the placement.

I very much doubt we'll be at 40c in a weeks time.